Prevention and suppression of Money Laundering

Prevention and suppression of Money Laundering activities and financing of Terrorism Legal and regulatory framework According to section 59(1)(a) of the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2018 (the AML/CFT Law), the Central Bank of Cyprus (‘CBC’) is the competent authority for the enforcement of the provisions of the legislation […]

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The Cyprus’ General Healthcare System (GHS): An Overview

The General Healthcare System (GHS) is modern, patient-centric healthcare system with the aim of delivering quality healthcare services to beneficiaries. The main features of the system are: Universal coverage of the population Equal and equitable treatment of all beneficiaries Provision of a comprehensive package of healthcare services Freedom of choice of provider by the beneficiaries […]

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Recent Amendments to the Cyprus Companies Law

Recent Amendments to the Cyprus Companies Law Cap. 113 (Law 149(I)/2018) – with an aim to modernize and streamline the filing and registration requirements and processes with the Registrar of Companies.   Introduction of Administrative Fines for late filings The Registrar of Companies shall impose an administrative fine for late filing of the below notifications […]

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